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UBM may acquire Mexico's largest textiles fair Intermoda

UBM may acquire Mexico's leading textiles and apparel fair, Intermoda Fashion Group SA, fully or partially, by September this year. One of the fair’s five owners, on condition of anonymity said that they were holding talks and exploring three options: a partial or full sale, a 50/50 joint venture company or a marketing alliance.

 

There were three companies in race for the acquisition, though UBM was leading since the global firm is expected to complete due diligence in 10 days. The firms in dialogue, other than UBM, were Reed Exhibitions and Messe Frankfurt. The final deal will rely on which UBM offer matches shareholders’ expectations. As per reports, UBM has sent its executives from its Advanstar fashion division to conduct the due diligence in Guadalajara, which is the second largest city of Mexico.

 

Also, it has been said that though Intermoda’s five owners are open to all options, they are in favour of a 50/50 joint venture over an outright sale. There’s speculation that the joint venture would help Intermoda internationalise its base and boost its revenues from $5.2 million currently, to $6.5 million.

 

Intermoda, a 30-year-old group, in its attempt to move beyond its core area of business, which is apparel sourcing, has added raw material suppliers recently. It accounts for just 10 per cent of the total business.

 

 

 

 

 

 

 

 
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